Shares of YES BankNSE -9.82 % dropped 10 per cent in Friday’s trade after Moody's Investors Service downgraded the private lender’s credit ratings, citing stressed assets and low loss-absorbing buffers against those assets. It also assigned a 'negative outlook' to the company.
Stressed assets related issues are seen adding pressure to funding and liquidity, creating additional risks to standalone credit profile of YES Bank.
Moody’s said its negative outlook primarily reflects the risk of further deterioration in the bank's solvency, funding or liquidity, if the bank is unable to recapitalise itself within the next few quarters.
Stressed assets related issues are seen adding pressure to funding and liquidity, creating additional risks to standalone credit profile of YES Bank.
Moody’s said its negative outlook primarily reflects the risk of further deterioration in the bank's solvency, funding or liquidity, if the bank is unable to recapitalise itself within the next few quarters.
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